85
85
Mar 26, 2013
03/13
by
FBC
tv
eye 85
favorite 0
quote 0
that thousands upon thousands of vacant federal government buildings adding billions of dollars to our deficit and the national debt. a shocking reversal in the a man and knocks acquittal. our panel tells us whether she may be forced to face italian justice once again. ♪ e does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more cfident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, set stomach, delayed baache or muscle ache. to avoid long-term injury, seek immediate
that thousands upon thousands of vacant federal government buildings adding billions of dollars to our deficit and the national debt. a shocking reversal in the a man and knocks acquittal. our panel tells us whether she may be forced to face italian justice once again. ♪ e does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready...
144
144
Mar 26, 2013
03/13
by
CURRENT
tv
eye 144
favorite 0
quote 0
also, i'm in favor of bringing our budget deficit under control. those kind of things i believe would resonate with the american people. cenk: president jimmy carter, thank you so much for joining us. i've enjoyed it. >> i've enjoyed being with you. cenk: there's a lot i agree on, but the last answer is not one of them. i don't believe that a person as progressive as jimmy carter could possibly win a democratic primary these days, if he didn't have a billion dollars behind him, i think that there's no way in the world the democrats would back a guy who is that fundamentally decent and progressive. i'm keeping it real. by the way i love what they do at the carter center in terms of saying hey, we are going to try things that are really hard, even if it means we might be able to fail. that's how you build a legacy, not by being afraid, by being aggressive in fighting all the decent battles. there's a lot to respect about president jimmy carter and it was great to sit down with him. when we come back, i'll talk to michael hastings, a c.i.a. agent that
also, i'm in favor of bringing our budget deficit under control. those kind of things i believe would resonate with the american people. cenk: president jimmy carter, thank you so much for joining us. i've enjoyed it. >> i've enjoyed being with you. cenk: there's a lot i agree on, but the last answer is not one of them. i don't believe that a person as progressive as jimmy carter could possibly win a democratic primary these days, if he didn't have a billion dollars behind him, i think...
123
123
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 123
favorite 0
quote 0
a budget deficits of more than $320 million. the fire department stretched so thin it's proposed just letting vacant building burns and the city cannot afford to keep all of its streetlights on. mike tobin with the news from detroit tonight. the new emergency manager there already facing a big lack bash, -- backlash. >> he was already on the job. kevinor is his name. greeted by protesters as he walked up to city hall. protests because he has almost unrestrained power to slash the city budget. and they protest because the city council and the mayor for whom they voted have been muffled aside. >> so the right to vote -- reconstruction the very right of -- the right to vote, the right to -- a vote to count matters. detroit is the largest of six cities in michigan under emergency management. the mayor of one of those cities says you need an appointed official to come in and make the kind of cuts necessary. they would be political suicide for elected officials. >> shepard: unions obviously big there, mike and they are not happy. >> r
a budget deficits of more than $320 million. the fire department stretched so thin it's proposed just letting vacant building burns and the city cannot afford to keep all of its streetlights on. mike tobin with the news from detroit tonight. the new emergency manager there already facing a big lack bash, -- backlash. >> he was already on the job. kevinor is his name. greeted by protesters as he walked up to city hall. protests because he has almost unrestrained power to slash the city...
59
59
Mar 26, 2013
03/13
by
FBC
tv
eye 59
favorite 0
quote 0
one trillion in fiscal deficits or stimulus and trillion in qe just to keep our economy growing at 2%. you're spending 2 trillion to create 300 billion in gdp growth. that is a really bad deal. now the assumption by the fed and economists is, well, things are going to get back to normal. demographics tracks very well long term, baby boom generation has peaked in their spending. we're focusing on spending a weak economy, not just investment and demographics will get worse and worse into 2020. so the fed will have to stimulate more to keep this 2%. at some point -- >> consumer is doing fine!. melissa: jack, settle the argument. what do you think? >> we'll see. we'll see. melissa: what about scott or harry? >> there is lot of indicators beyond resistance we could see a pullback. market is doing well for a really long time. you're starting to see volumes fall off even while the market goes off. that is a bad sign technically. the other reason we could see a pullback, i agree in the longer term i don't see what will pull the market back. i think s&p is one of the better neighborhoods, bett
one trillion in fiscal deficits or stimulus and trillion in qe just to keep our economy growing at 2%. you're spending 2 trillion to create 300 billion in gdp growth. that is a really bad deal. now the assumption by the fed and economists is, well, things are going to get back to normal. demographics tracks very well long term, baby boom generation has peaked in their spending. we're focusing on spending a weak economy, not just investment and demographics will get worse and worse into 2020. so...
73
73
Mar 26, 2013
03/13
by
CSPAN2
tv
eye 73
favorite 0
quote 0
there's a deficit, and there's an exclusion of a majority of haiti's citizens from my real say about the future. that really must change. the content of the national accord has to be the issues that have plagued haiti for decades, and the president's proposed five e's are a good example of those, employment, education, environment, energy, and the rule of law. i added an "a" yesterday, which is in our report as well, and that is accountability in transparency in each of the areas, by government for the people. now, there may be views on what should be done in the areas, but that's precisely what a national accord process does, and, bob noted that at the community level, there's already a significant amount of consensus about what has to be done, and those voices need to be heard informing a national consensus in a national govern pact. the elite must recognize their own responsibility to shape the national consensus, and it must include their paying all their taxes in order to provide state with the resources it needs to fund basic health, education, and infrastructure. you know, hai
there's a deficit, and there's an exclusion of a majority of haiti's citizens from my real say about the future. that really must change. the content of the national accord has to be the issues that have plagued haiti for decades, and the president's proposed five e's are a good example of those, employment, education, environment, energy, and the rule of law. i added an "a" yesterday, which is in our report as well, and that is accountability in transparency in each of the areas, by...
SFGTV2: San Francisco Government Television
50
50
Mar 26, 2013
03/13
by
SFGTV2
tv
eye 50
favorite 0
quote 0
caution to say it took a lot of hard work, i remember the day we walked into the office to a 40 million deficit we had to renegotiate our contract and peenings for the first time and pension that happens an issue in california were part of the state system and still not ready for the shake-out on the development and so, i'll like to think it's -- [inaudible/incomprehensible] level and i think that what it gibbs you time do is to start working on some of these dreams and really give development opportunities and that is what it's like despite the evidence -- the general fund and in our economic outlet team and that we -- [inaudible] and working and -- of that and i know -- and i worked on chinese investments because we are looking at capital investment and is for the amazing growth that the bay area faces. >> yeah i talked to somebody the other day that was familiar with the san francisco budget situation and i remember looking at projections in the future and it was lower so, it seems that happy days are here for san francisco what does this give you the freedom do >>> well first of all, i woul
caution to say it took a lot of hard work, i remember the day we walked into the office to a 40 million deficit we had to renegotiate our contract and peenings for the first time and pension that happens an issue in california were part of the state system and still not ready for the shake-out on the development and so, i'll like to think it's -- [inaudible/incomprehensible] level and i think that what it gibbs you time do is to start working on some of these dreams and really give development...
132
132
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 132
favorite 0
quote 0
see the red numbers, the county deficit is 88 million dollars and this bottom number right here, megyn, that's the average salary for the private worker in alameda county, $34,900. and now let's play your favorite game of all, megyn, guess the other administrator's salaries? in chicago would you like to take a guess what they make? >> 60,000. >> $128,000 in chicago. >> megyn: way off. >> and the largest city. in new york city, the nation's largest city, remember, she makes 422, what do they make in new york city. >> megyn: i'm going 175. >> no, 152 for new york city, megyn, not a bad guess, you're getting better and san francisco right next door to alameda county, the county administrator, city administrator makes. >> megyn: 161, 162. >> 153. and she's 62 years old and lifetime experts believe she'll live to be in her 80's. total, total. what the county owes her is going to be $9,284,000. >> megyn: unreal. how did she get -- how did this happen? like did she negotiate this? is this just, this is just the way that she got, putting aside the bonus issue? >> and she's been there 38 years,
see the red numbers, the county deficit is 88 million dollars and this bottom number right here, megyn, that's the average salary for the private worker in alameda county, $34,900. and now let's play your favorite game of all, megyn, guess the other administrator's salaries? in chicago would you like to take a guess what they make? >> 60,000. >> $128,000 in chicago. >> megyn: way off. >> and the largest city. in new york city, the nation's largest city, remember, she...
112
112
Mar 26, 2013
03/13
by
MSNBCW
tv
eye 112
favorite 0
quote 0
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors, feeding children, cutting the department of education. they don't want to cut the deficit, they want to do it to get rid of programs they don't like. >> it's killing two birds with one stone. jared makes a great point. the way things are supposed to work is when we come out of these recessions we're supposed to grow and everything is supposed to get better. that's not happening yet. not happening yet and we have at the same time the incredible income inch quality issue. whatever you think about the tax cuts, when you have a middle class th
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors,...
78
78
Mar 26, 2013
03/13
by
CSPAN2
tv
eye 78
favorite 0
quote 0
i figure with some of the changes in current better reaching out about the deficit and budget, everybody also sort of talking about this. so i want to talk about it. and i have a good person in tracy, and she has it out all over the land. so at the end of the day, my goal was to provide fodder for discussion with the hope that somehow it will steer us in the right direction as a people and the country. >> what was most surprising for you? if there were not surprises, or their parts that should be cause for alarm? >> i expect to see certain things change. i was a little bit surprised that they were big supporters of immigration reform. we had another question that we didn't put in the polls and african-americans believe that they share the view that the gays can make the argument the whole mix of it is the most compelling. which was the undoubtable fate that african-americans have a better life coming and things will get better. and it is a wonderful thing to think about. my concern is at what point does it shipped. if it doesn't, what does that mean? >> can you tell us about the nuts and
i figure with some of the changes in current better reaching out about the deficit and budget, everybody also sort of talking about this. so i want to talk about it. and i have a good person in tracy, and she has it out all over the land. so at the end of the day, my goal was to provide fodder for discussion with the hope that somehow it will steer us in the right direction as a people and the country. >> what was most surprising for you? if there were not surprises, or their parts that...
141
141
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 141
favorite 0
quote 0
. >> the government is far larger than it ever has pw-rpbgs the deficits are larger, the debt is growing at record rates. >> reporter: government spending has gone up from an average of $88.2 billion spent every year in the 1980s to 1.48 trillion in the 1990s to 244 trillion in the first year of the 21 century. that helps to explain why the washington d.c. area, a region which has few natural resources and little manufacturing is now home to seven of the nation's ten richest counties. washington is home to the highest concentration of lawyers in the country. the average government work's compensation now stands at over $126,000 a year. >> in some ways the government is immune to the forces that face families and businesses all across the country who are having to tighten their belts, who very often are having to make due with the same amount this year that they had last year. government views itself as separate and immunity from all of that. >> reporter: the government deals with the country's problems by creating new programs. with any new program comes a food khaeufpb contractors, lobb
. >> the government is far larger than it ever has pw-rpbgs the deficits are larger, the debt is growing at record rates. >> reporter: government spending has gone up from an average of $88.2 billion spent every year in the 1980s to 1.48 trillion in the 1990s to 244 trillion in the first year of the 21 century. that helps to explain why the washington d.c. area, a region which has few natural resources and little manufacturing is now home to seven of the nation's ten richest...
90
90
Mar 26, 2013
03/13
by
FBC
tv
eye 90
favorite 0
quote 0
stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already been taxed. and the idea that they can go this weekend, i've got 2 grand in the bank and on monday morning, maybe it's 1600, that's scaring people because something like that, that scenario, could that play out? >> well, europe has said it couldn't happen and now it says it can happen and is happening and it's suggested that it could happen in the future. people have to understand that when the economies break down, anything can happen to their money and their money is not totally safe. it doesn't matter where you are, if countries go broke, your money is not safe and america is heading towards going broke
stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already...
129
129
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 129
favorite 0
quote 0
he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor may not like it but they have only themselves to blame. jamie? jamie: you know what, mike being unpopular is one thing. under siege is another. which is it for kevyn orr? >> dynamic is created where the mayor and city council really have only one option, to comply or oppose. for the most part they oppose because that's all they're empowered to do at this stage of the game. you look at the city budget and the prediction municipal jobs en masse, the unions, afscme in particular is responding with a lawsuit. >> whole thing was a sham for the state to come in
he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor...
235
235
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 235
favorite 0
quote 0
why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to maintain. any other organization would go out and sell them. the problem in washington is that the system to sell buildings is the exactly reverse what it should be. >> gretchen: meaning? >> the first priority was the federal building is to see if any other federal agency wants it. there is already 55,000 vacant buildings. so the inventory is too large. next it goes to state and local government choices. then to homeless shelter use and finally it can be put up to sale. it should start to the sale to the private sector or some other entity rather than waiting until everybody
why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to...
176
176
Mar 26, 2013
03/13
by
MSNBCW
tv
eye 176
favorite 0
quote 0
time to do it and i think you've seen a white house that has an underrated way, even on the budget deficit but certainly on immigration and even on gun control has worked very -- in a very sophisticated way to use public opinion but also get congress invested in this, not interfere. the president has held back on a public posture of immigration of letting the senate negotiators do their work and i think senator cruz is wrong about what the president wants. he wants a bill and he'll get one. >> within the white house, what do you think if they had an option on the table and said you can have immigration or guns during april, pick one. >> they want them both. one on the faster track. >> which is on the faster track? >> i think immigration is. almost no doubt in my mind, they would be forced to vote on it and it would pass even if boehner had to waive the majority rule. i'm not so sure about guns. i think it's possible that a senate package on guns would simply not receive a vote in the house. >> can you give me a sense -- a sense of where the republican house might be? >> i think marco rubio
time to do it and i think you've seen a white house that has an underrated way, even on the budget deficit but certainly on immigration and even on gun control has worked very -- in a very sophisticated way to use public opinion but also get congress invested in this, not interfere. the president has held back on a public posture of immigration of letting the senate negotiators do their work and i think senator cruz is wrong about what the president wants. he wants a bill and he'll get one....
225
225
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 225
favorite 0
quote 0
they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >> there is a few reasons mostly because it costs more money. i am going to show you some numbers. they are really startling. when it feels like we are not making money we always say that. when you look at the data we are not. median household income is over 51,000 dollars. take a look at that on a time line. 6 percent less than when the economic recovery began in summer of 2009 and less than when the recession started. obviously we are not making enough money. all of this data comes from research. they also say one of the key reasons speegsly now because - especially n
they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network....
166
166
Mar 26, 2013
03/13
by
MSNBCW
tv
eye 166
favorite 0
quote 0
it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to really crash his 2016 hopes. but to get back to 2014, you know, it's going to be up to obama, particularly, to lead the charge. he's going to have to get out there and get in front and put his political capital on the line to make sure that democrats can win seats. and he and other democrats have to stop talking about the federal budget as if it's a family budget. it's not. it just isn't. they can't use that metaphor, ever again. >> heather mcgee and michael tomasky, let us stop talking of deficits and let us start talking of jobs. thank you for your time tonight. >> amen. >>> in a country rocked
it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to...
108
108
Mar 26, 2013
03/13
by
FOXNEWSW
tv
eye 108
favorite 0
quote 0
don't want to hear more talk about needing more resources at a time when we're running massive debt and deficits. woof h we've got to get a handle on this and do it. >> and dig deeper, and gilligan's island and "star trek," it's probably beverly hillbillies, and green acres. the first thing with the studio, put it up on the auction block. i don't know why the irs needs a studio, they're not a movie business, they're in the tax collection business, but good luck, sir. >> that's right. and certainly. >> go ahead. >> the question as it whether others have these kinds of studios as well. >> greta: i bet if you dig deeper you'll find more things. we've certainly found a lot of things in the gsa and other places. good luck and i hope you have a lot of good fortune getting this money back or at least stopping the irs from doing this. thank you, sir. >> thank you, greta. great to be with you. >> and you can see the entire "star trek" video that you paid for, whether you wanted to or not. on gretawire.com. go to gretawire.com and tell us what you think about the irs spending your money on "star trek," gi
don't want to hear more talk about needing more resources at a time when we're running massive debt and deficits. woof h we've got to get a handle on this and do it. >> and dig deeper, and gilligan's island and "star trek," it's probably beverly hillbillies, and green acres. the first thing with the studio, put it up on the auction block. i don't know why the irs needs a studio, they're not a movie business, they're in the tax collection business, but good luck, sir. >>...
68
68
Mar 26, 2013
03/13
by
FBC
tv
eye 68
favorite 0
quote 0
governor walker said he was going to fix the problem of billions of dollars in new taxes, and still deficits in the state was running under governor doyle, and he did it. you got some leaders who wants to make the right choices, and what ewe see down the road, they will be able to buoy up th nds and save the moey for when they need it in circumstances like we see now with states saying they need to have money that they are no longer going to get because of sequester or the federal funds dr sandra: you mentioned the sequester, and this is a way for the federal government to be forced to prioritize how to spend the funds. maybe we could see something at the state level as well because priorization is a big problem. how do we decide ow to use these funds. >> right, right. you know, i hope so. i hope that what states do rather than taking money and spending it right away is they use it as a good opportunity for a little bit of intraspection, just a little as all states need, to look at bottom lines t tighten the budgets. with money coming in the door, my fear, and you see this in the statates is
governor walker said he was going to fix the problem of billions of dollars in new taxes, and still deficits in the state was running under governor doyle, and he did it. you got some leaders who wants to make the right choices, and what ewe see down the road, they will be able to buoy up th nds and save the moey for when they need it in circumstances like we see now with states saying they need to have money that they are no longer going to get because of sequester or the federal funds dr...
89
89
Mar 26, 2013
03/13
by
FBC
tv
eye 89
favorite 0
quote 0
palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something els goes on a foreign trip, i immediately hang t my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is nood. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way to get there. but this shows that spending that steve is talking about happens every day, no one cares, very few people write about itic semp cranks like us, and maybe you should step back, take a breath and cut something. neil: the foreign aid budget, is you know, if you count it about 20 billion a year. that is a lot of money to be giving away from american taxpayers to give to foreign country, and show me any exale where foreign aid has worked to make a country richer. i said, it givesoney from poor people, and rich people, a gives to to rich people in poor countries that is what foreign aid is. neil: thank you
palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something els goes on a foreign trip, i immediately hang t my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is nood. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way...
401
401
Mar 26, 2013
03/13
by
KGO
tv
eye 401
favorite 0
quote 0
alameda county is facing a multi million dollar deficit. part of the reason taxpayers are so stunned not only by administrators current salary but also because she'll earn that amount long after she leaves this office. >> you know all money going up to the top. everybody at the bottom has to suffer. >> this man referring to the salary and reported future benefits of susan marnishi. according to reports she makes a base salary of nearly $302,000 but with 121,000s ndz other compensation including equity and longevity pay, performance bone skbrus a car allowance, the salary now tops $423,000. >> that is a lot. $423,000. i work with children so they always take in money from the children. and that bothers me so i feel like yeah. when it comes to administration, they get too much. >> but it doesn't stop with salary a cording to the chronicle the 63-year-old is guaranteed basically the same amount of money, $400,000 per year in retirement for life. >> that is astounding. >> the chairman of the alameda county republican party. >> she's 63 years ol
alameda county is facing a multi million dollar deficit. part of the reason taxpayers are so stunned not only by administrators current salary but also because she'll earn that amount long after she leaves this office. >> you know all money going up to the top. everybody at the bottom has to suffer. >> this man referring to the salary and reported future benefits of susan marnishi. according to reports she makes a base salary of nearly $302,000 but with 121,000s ndz other...
60
60
Mar 26, 2013
03/13
by
FBC
tv
eye 60
favorite 0
quote 0
beckham last year believe they had a $37 million deficit in the city of 166 million. sitting thereaying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. rri: thank you for coming on. appreciate your time. we will continu to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating your retirement needs to make the president of charles robb joins me next with a startling report. post with the big retirement planning mistakes that we're all making. stay with us. ♪ gerri: confident that your lden years? your survey finds that may not and think of your early years in retirement will be
beckham last year believe they had a $37 million deficit in the city of 166 million. sitting thereaying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that...
20
20
tv
eye 20
favorite 0
quote 0
economy that can create productive jobs that is dependent on the fed printing i'm borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here a side of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a small problem it's like you know you can you can get cancer but you don't die right away you have to wait until the disease grows to the point that it kills you and you know our debt was a cancer but it's taken a long time for the disease to progress and i guess it's not fatal at this very second but you know we're really close to it if you look at the size of the debt you know the government is forecasting that interest payments on the national debt in two thousand and thirteen are going to be two hundred twenty eight billion the last time we had an interest rate buildout low ronald reagan was the presid
economy that can create productive jobs that is dependent on the fed printing i'm borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here a side of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a...
101
101
Mar 25, 2013
03/13
by
CSPAN2
tv
eye 101
favorite 0
quote 0
when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability doesn't appear anywhere on the national balance sheet. we did not account for the value of the 6,6057 lives lost in afghanistan. that's just the troops, not civilians or contractors. except for a small amount of life insurance money even though civilian government agencies estimate the value of life at $1.7 million. so epa would
when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the...
123
123
Mar 25, 2013
03/13
by
FOXNEWSW
tv
eye 123
favorite 0
quote 0
our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an
our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then...
72
72
Mar 25, 2013
03/13
by
MSNBCW
tv
eye 72
favorite 0
quote 0
immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this point to work up the political courage to do what is required to be done. so i expect a bill to be put forward. i speck the debate to begin next month. i want to sign that bill into law as soon as possible. >> what if anything can get done while congress is away? politico's marty kay, can the president make the most of these two weeks? can he do things while congress is away? >> he can probably be very effective while congress is away of they're scattered around the country and the world. he can use this time to talk about immigration, a little about gun control if he wants to. what we hear
immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this...
285
285
Mar 25, 2013
03/13
by
CNNW
tv
eye 285
favorite 0
quote 0
you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value and people have similar questions. >> i have been since corrected and am about to burst into a fit of giggles and i inappropriately said it is "gilligan's island," not whatever i said. what is the irs saying about this in. >> they came up with this statement saying it is -- i'm quoting now, no mistaking this video does not reflect the best stewardship of resources, and that video of this type will not be made today. so the irs does say training gener videos in general are cheaper. that would involve some travel. >> okay. zain asher, thank you. >>> honeymoons, they are the icing on the cake after a we
you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value...
146
146
Mar 25, 2013
03/13
by
CSPAN2
tv
eye 146
favorite 0
quote 0
the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its terrestrial and space assets in response to a conflict situation. last year those games concluded, as they have several times in the past, that dod relies on commercial satellite companies -- their reliance is considerable and that a crisis is the wrong time to try to establish clear lines of communication with your major partners and suppliers. i suspect the same conclusion can be safely applied to the topics that we're discussing today. while governments were first to send satellites to near-earth space, commercial enterprise will be the primary use of the orbital arc in the 21st century. government and s
the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its...
77
77
Mar 25, 2013
03/13
by
FBC
tv
eye 77
favorite 0
quote 0
he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15 inches of snow. it is as far west as parts of indiana. the highest snowfall totals should be a foot of snow. we do have winter storm warnings in effect. it is because of the wind and snowfall amounts. we actually have been seeing some delays. they are about an hour or so. you could see four-6 inches of snow out here. the central appellations and most of these warnings should expire by tomorrow. that is what we think the storm system will pull out of the northeast leaving behind some quieter conditions. connell: that sounds, well, all right. dagen: tom kloza is coming up with
he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15...
107
107
Mar 25, 2013
03/13
by
FBC
tv
eye 107
favorite 0
quote 0
we're still going to tack on 800 billion to a trillion dollars in new deficit for this year. you know, you look at paul ryan's budget, for example, ten years down the road, 41 1/2 trillion dollars in spending and that was supposed to be a victory, because the democrat's version was 46 1/2 trillion dollars, we're still outspending our means. still a broken system. d.c. really has to figure out how to get a balance, a balanced budget would be a win. stuart: in the short-term if i'm a trader, trading stocks, for example, i think this is a win for republicans and i think this is a win for me as an investor. stocks go uu. you say? >> well, i think you're conflating. and 20 years trading and what i told you last time and the last time and last time, i think that things are getting better in spite of president obama because if we continue to juice the system the way we are, we're adding 85 billion dolllrs to the treasury, ingratiating the banking system. i'll tell you this, ready for this? you have investors out there to watch the show and pick out stocks to buy, just buy u.s. banks
we're still going to tack on 800 billion to a trillion dollars in new deficit for this year. you know, you look at paul ryan's budget, for example, ten years down the road, 41 1/2 trillion dollars in spending and that was supposed to be a victory, because the democrat's version was 46 1/2 trillion dollars, we're still outspending our means. still a broken system. d.c. really has to figure out how to get a balance, a balanced budget would be a win. stuart: in the short-term if i'm a trader,...
524
524
Mar 25, 2013
03/13
by
FOXNEWSW
tv
eye 524
favorite 0
quote 0
their long-term debt of more than 14 bill, $327 billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they have per capita more murders in the city of chicago. how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all
their long-term debt of more than 14 bill, $327 billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they...
225
225
Mar 25, 2013
03/13
by
CNBC
tv
eye 225
favorite 0
quote 1
they had the time because rates were so much lower and deficit was going up slower. in a real sense the fed buying the treasuries has made it less painful for the government. >> i'm not sure if the population that chairs the euro or those that chair somewhat with central planning with regard to the 27 countries, but my question to you is i'm not sure we're going to lose any of these countries, but on the other hand, keeping their funding and the central bankers and the banks and insolvency all in line is a full -time job. is anybody worried about how we're growing these economies? is that the rally big elephant in the room? >> the growth hasn't phone zone up. we talked about it many times. what is the eventual exit strategy? our fed can't decide when to stop buying treasuries much less strengthen the balance sheet. >> i talked to jim bianco about the taper. this is another arena where the fed is going to paint themselves into a corner, they're going to move them up and down with every data point? in the end, they just have to say enough is enough, don't they? >> goin
they had the time because rates were so much lower and deficit was going up slower. in a real sense the fed buying the treasuries has made it less painful for the government. >> i'm not sure if the population that chairs the euro or those that chair somewhat with central planning with regard to the 27 countries, but my question to you is i'm not sure we're going to lose any of these countries, but on the other hand, keeping their funding and the central bankers and the banks and...
130
130
Mar 25, 2013
03/13
by
MSNBCW
tv
eye 130
favorite 0
quote 0
>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to get ahead of it now. if you look what happened in europe awe -- asaying your benefits are being cut tomorrow. >> but you've got to -- >> let me finish the point! not five or ten years from now, next month, your benefit is get slashed. if you do not get ahead of this that is what awe sistusterity l like now. >> i think what is he saying, though, if you stimulate the economy and provide jobs and infrastructure it will put resources into the system because you will be creating taxpayers and you'll be making it more solvent to deal with these problems. i think that is where the disagreement is. >> i had a really incit
>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to...
244
244
Mar 25, 2013
03/13
by
FOXNEWSW
tv
eye 244
favorite 0
quote 0
they will take everybody's money in order to pay off the deficit. it's something you have to think about. >> brian: there was a report from somebody in great britain, an authority of some sort who was talking about, given what has happened in sigh plus, if i had money in spain i would get it out. >> no, it's being talked about in other places. in worse of terms of condition, spain is a good one, greece and lots of other places and they are talking about it. you know, at some point maybe they start talking here. what ultimately that means is that jobs will -- you think we have bad unemployment now. you will see unemployment like you've never seen it before. >> gretchen: somebody from your show, celebrity apprentice, a lot of people will be shocked they didn't see it. amarosa and claudia got the hook >> why didn't she bring amarosa back? in all fairness claudia, i have to defend you. if she was brought back it wouldn't matter. you were the project manager and you failed. you have a great future. i'm sorry -- you're fired! >> did you for a second i can
they will take everybody's money in order to pay off the deficit. it's something you have to think about. >> brian: there was a report from somebody in great britain, an authority of some sort who was talking about, given what has happened in sigh plus, if i had money in spain i would get it out. >> no, it's being talked about in other places. in worse of terms of condition, spain is a good one, greece and lots of other places and they are talking about it. you know, at some point...
184
184
Mar 25, 2013
03/13
by
KGO
tv
eye 184
favorite 0
quote 0
the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of defense. right to the hoop and late in the game and tied at 52. one hand and jam. it is easy for the illini. down one and a minute left and larkin with the step back three. got it. miami to the sweet 16. they will face market. 63-59 the final. don't see a 12 and 13-seed very often. 6 seconds left and tied at 74. garland banks it in and la salle up 2. ole miss inbounds the ball and from half court for the win and no way. la salle moving on to the sweet 16 for the first time since 1955. 76-74 the final. we will take a brief timeout before we check in on the stanford women.
the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of...
160
160
Mar 25, 2013
03/13
by
KGO
tv
eye 160
favorite 0
quote 0
the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of defense. right to the hoop and late in the game and tied at 52. one hand and jam. it is easy for the illini. down one and a minute left and larkin with the step back three. got it. miami to the sweet 16. they will face market. 63-59 the final. don't see a 12 and 13-seed very often. 6 seconds left and tied at 74. garland banks it in and la salle up 2. ole miss inbounds the ball and from half court for the win and no way. la salle moving on to the sweet 16 for the first time since 1955. 76-74 the final. we will take a brief timeout before we check in on the stanford women.
the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of...
64
64
Mar 25, 2013
03/13
by
CSPAN2
tv
eye 64
favorite 0
quote 0
young people took care of that deficit and debt issue years ago if you go back to polling young people. they said that was an important issue a long time ago. >> host: i'm sure that's true, but is it really true that young people are thinking about entitlement reform and long-term tax reform, that kind of thing? >> guest: i think they care about the basic principle behind it. i don't know that people in this generation -- anyone in this country has a detailed plan to address these things, except some people in congress. i think that we understand the principle behind needing to make decisions and not wanting to be stuck with having to pay this bill down the road. i think that's something that this generation has been aware of, because we've been talking about it for a long time. >> host: what -- and not just sort of general rising an entire generation, but what do you think the millenial view is on the current state of the economy? things are not good and not looking good particularly for the future of this generation. they might be optimistic, but they're also wrong in some sense. >>
young people took care of that deficit and debt issue years ago if you go back to polling young people. they said that was an important issue a long time ago. >> host: i'm sure that's true, but is it really true that young people are thinking about entitlement reform and long-term tax reform, that kind of thing? >> guest: i think they care about the basic principle behind it. i don't know that people in this generation -- anyone in this country has a detailed plan to address these...
120
120
Mar 25, 2013
03/13
by
KGO
tv
eye 120
favorite 0
quote 0
the cyclones overcame a second half deficit. under 2:00 left. cyclones up one. will clyburn, drives and makes the bucket but they call an offensive foul. questionable call. iowa state cannot believe it. so instead of a four-point lead, game tied at 75. buckeye asia craft, -- aaron craft. two seconds remaining and he makes it. ohio state on to the sweet 16 for a school record fourth straight year. facing arizona. 78-75 the final. >> indiana and temple. yot the only howl to show up. despite the one-man show, temple led by three until will sheehey ties with his own three. anthony lee, denied by walker. 18 seconds left. unanimous up one. oladipo. ices it from downtown. the hoosiers move on, 58-52. >> to the nba. warriors a day off. so no update on steph curry's sprained right ankle. the miami heat looking for their 26th straight win. hosting charlotte without dwayne wade. he hays a sore knee. james, 210 consecutive games in double digits. 32 points, ten assists, miami wins their 26th in a row without breaking a sweat. 109-77. >> cactus league. giants beat the angels
the cyclones overcame a second half deficit. under 2:00 left. cyclones up one. will clyburn, drives and makes the bucket but they call an offensive foul. questionable call. iowa state cannot believe it. so instead of a four-point lead, game tied at 75. buckeye asia craft, -- aaron craft. two seconds remaining and he makes it. ohio state on to the sweet 16 for a school record fourth straight year. facing arizona. 78-75 the final. >> indiana and temple. yot the only howl to show up. despite...
128
128
Mar 24, 2013
03/13
by
MSNBCW
tv
eye 128
favorite 0
quote 0
new taxes, modest cuts in government spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan? >> the major difference is that, obama and most of the country that voted for him really thinks that a time of recession that we're coming out of it that we should be creating jobs and not laying off people just with cuts. that is the difference. the major difference between the senate and the house. republicans say no taxes, no money, no investment. well, that's absolutely ridiculous. in order to get people back to work and having disposable income, you've got to invest in education, the infrastructure, the bridges and the tunnels. there's no money in the republican, because they say that we're taking ca
new taxes, modest cuts in government spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan?...
74
74
Mar 24, 2013
03/13
by
CSPAN2
tv
eye 74
favorite 0
quote 0
the best deficit-reduction program is a growing economy and strangely if you see the debate in washington today very little is about economic growth and a lot of it is about what my dad would say, eat your broccoli. it's about the austerity. it's about the toughest things that have to get done. don't get me wrong but they are much easier to get done in the context of high sustained growth where jobs are being created and are of purpose and value for people to be able to pursue their dreams. i have three suggestions i don't think our that partisan. they are not necessarily ideological that if we pause and say we will have the food fight on all the other stuff and there's good things to fight it out, trust me, the we could get to the point that we could have high year sustained growth one would be to create a patriotic policy based on american ingenuity and innovation and north american resources. second, reform the immigration system and move towards something that would be part of the high growth economic strategy true to our heritage, respecting the rules law but moving it to the 21st ce
the best deficit-reduction program is a growing economy and strangely if you see the debate in washington today very little is about economic growth and a lot of it is about what my dad would say, eat your broccoli. it's about the austerity. it's about the toughest things that have to get done. don't get me wrong but they are much easier to get done in the context of high sustained growth where jobs are being created and are of purpose and value for people to be able to pursue their dreams. i...
559
559
Mar 24, 2013
03/13
by
CNNW
tv
eye 559
favorite 0
quote 0
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time when not spending is extremely disruptive. if the government pulls back, it's destroying jobs and there's no way to offset that. ordinarily if a government spends less the federal reserve can cut interest rates, like we did at the end of the cold war, but we can't do that now because the interest rate fed controls are at zero. so we have no offset and conversely up to, if we increase spending right now it will create jobs and expand the economy. this is a really good time to be spending. won't always be like this. this is not the normal situation. normally we have an econo
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time...
204
204
Mar 24, 2013
03/13
by
MSNBCW
tv
eye 204
favorite 0
quote 0
the senate bill calls for deficit reduction through increasing taxes and spending cuts and, of course, the house bill calls for steep cuts in balancing the budget within ten years. of course, some revisions to medicare as well. a lot of differences and we have another deadline coming up. the debt ceiling will have to be revisited this summer, alex. >> looking forward to that. >> reporter: yeah, we all are. >> thank you very much, kristen welker. >>> joining me right now, andy sullivan and ann palmer. ann, i'll begin with you. the president is back from the middle east. the reviews are out there. how are you getting the word in terms of how he was perceived? >> i think one of the key things you can look at is what the israeli press put out in the days following his first steps and throughout the entire visit and it was a resounding applause. he got very good praise from them. obviously from what he was trying to do was take that frosty relationship with benjamin netanyahu and try to piece it back together. he did that. it was exactly what he needed to do. there wasn't a lot of meat on
the senate bill calls for deficit reduction through increasing taxes and spending cuts and, of course, the house bill calls for steep cuts in balancing the budget within ten years. of course, some revisions to medicare as well. a lot of differences and we have another deadline coming up. the debt ceiling will have to be revisited this summer, alex. >> looking forward to that. >> reporter: yeah, we all are. >> thank you very much, kristen welker. >>> joining me right...